Marvell Technology Stock Rallies 5% As Reports of Google AI Partnership Emerge

Key Stats for Marvell Technology Stock

• Pre-market price change for Marvell Technology stock: 5%
• $MRVL Share Price as of Apr. 17: $140
• 52-Week High: $140
• $MRVL Stock Price Target: $127

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What Happened?

Marvell (MRVL) stock is climbing after The Information reported that Google is in discussions with Marvell to co-develop two new AI chips.

• One would be a memory processing unit designed to work alongside Google’s Tensor Processing Unit.
• The other would be a new TPU built specifically for AI inference workloads.

This kind of deal would fit squarely into Marvell’s custom silicon strategy. The company has already scaled its custom chip business from zero to $1.5 billion in revenue, and expects it to at least double in fiscal 2028.

A Google partnership would add another major hyperscaler to an already impressive roster.

Google has been pushing TPUs as an alternative to Nvidia GPUs for AI workloads. As AI spending accelerates across hyperscalers, demand for custom chips — and the companies that build them — is only growing.

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What the Market Is Telling Us About Marvell Technology Stock

Marvell stock has strong fundamentals backing today’s move.

• The company just reported record fiscal Q4 revenue of $2.2 billion, up 22% year-over-year.
• More importantly, it raised its full-year fiscal 2027 outlook to approaching $11 billion — nearly $1 billion higher than the guidance provided just three months ago.

CEO Matt Murphy has been clear that the company is in the early stages of a multiyear AI infrastructure buildout.

• Data center revenue hit $6 billion in fiscal 2026 and is expected to grow another 40% this year.
• The interconnect business alone is growing over 50%.
• A Google partnership on custom AI chips would add to an already accelerating custom business.

Marvell already works with multiple Tier 1 U.S. hyperscalers and recently closed two strategic acquisitions — Celestial AI and XConn — to strengthen its position in AI networking.

The timing also matters. Marvell stock has been building momentum after its most recent earnings beat. Reports of a Google deal give investors another reason to believe the company’s $15 billion revenue target for fiscal 2028 is achievable.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!